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to be realistic. i'm reporting what i'm hearing. but stocks did rise a bit on news after cease-fire between israel and whhamas. is israel snaf particularly when we know that palestinians and gaza may just rest unand rearm for the next round? >>> finally as you head out into the thanksgiving traffic, ask yourself where president obama still hasn't given the green light to the keystone pipeline that would give us jobs and energy n independence? now a truly bipartisan group of senators is telling the president to make a decision right now. first up this evening, this is the big question. will we get a deal done or might president obama just let us go right over the fiscal cliff, take the recession, and simply blame the gop? this is a serious question that i'm hearing from washington all the time. so let's talk. we have cnbc contributor jack bernstein, former chief economist, and art laffer, former reagan adviser. i'm not attacking obama or anything. i'm just saying there is a lot of talk of stalemate. well perhaps go through where, why and how. staffs have been meeting unsuccessfully. some people are
'm neutral on the stock, i think it's currently overvalued at its current price. >> israel launching a major defense against palestinian militants in gas sachlt we'll take you live to gaza, plus the impact it could have on the energy prices here in the u.s. >>> citi shares trading well below book value and several share holders requesting the board do a breakup of it's shares. [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. >>> let's get to a market flash. >> we're looking at some of the s&p lows today, a number of energy names there. a couple of headlines crossing th that -- on a civil complaint charge there, of course the utilities have been under a lot of pressure, guys, since
problems right now. in the last two days alone, hamas has fired more than 100 rockets at israel. israel says it will respond when it's ready. today israel is responding to shelling from its troubled northern neighbor syria where a full-blown civil war is under way. iran, meanwhile, is holding a massive air defense drill just a week after firing on a u.s. drone in international airspace. but what if we didn't have to worry about any of those concerns anymore? well, according to the international energy agency, in 2020 we might not have to. sharon epperson is live at the nymex with the details. >> sue, there is in fact a major transformation that is under way in the oil and gas industry and particularly here in the u.s. and it is going to change the landscape dramatically. in just the next seven years. what the international energy agency is saying is that, of course, for many years, we have seen the concentration of the world's oil production in saudi arabia, and in fact saudi arabia is the second largest exporter to the united states of crude oil. but the iea says that the u.s. is going
of israel that israel has conducted a military action killing a senior hamas leader. an air strike in the gaza area killed the head of the hamas military. one of the things a number of traders heard about that earlier but one thing is an israeli military spokesman says this is the start of a broader operation. so that is one of the things. it seems to have the market a little bit on edge and has them bidding up oil at this hour. the one trader i talked to said between the tensions between israel and hamas if we'll see that spiking up obviously israel and syria over the last few weeks, that's better than israel and iran. back to you. >> that's true. bertha, thank you very much for that. congratulations if you are hold cisco shares coming into this session. they are experiencing a good bump on last night's results. we'll talk about what they are doing right and whether risks lie ahead next on the program and who would be affected the most if we go over the fiscal cliff? we'll get up close and personal with the cliff and as we head toward the break, another fiscal cliff fact. >> if la
fighting escalate in the gaza strip as we continue to watch what israel and what palestinians are doing in the area and the fact that there does not appear to be any cease-fire on the horizon although egypt's prime minister is in gaza today urging some international cooperation. we're also looking at the fact that oil prices here in the u.s. have basically erased this week's losses because of the gains that we're seeing currently in the oil complex. we're also hearing reports about iraqi enjoy saying that arabs should use oil to press israel over gaza. those headlines helping to cause this bid in the oil complex. in the gold market, we've seen steady declines over the last several sessions and now a little bit of stabilization in the gold market. there are concerns based on the world gold council report about demand particularly out of china. we've seen the cme lower margins for gold and silver so that may have an impact on the trading activity from here. carl, back to you at the white house. >> all right. thanks so much. in a half hour from now the president will hold key meeting with
discovered. they also a studied slang on twitter. dod overhead is larger than the gdp of israel and the uae. he recommends $67.9 billion in savings in ten years are cut out of the pentagon budget by going afr some of the things he lists here. so a lot of wasteful spending here being highlighted over at the pentagon by a republican which is interesting. >> all right. eamon, thanks very much. maria. >> thank you so much. as you just heard, billions of dollars being wasted just in the defense department alone. yet, it is the tax revenue side of the fiscal fight that's getting all the attention, bill. >> it's always a time to put spending cuts front and center in this debate. let's ask someone who's spent a lot of time at negotiating table in issues like this. congressman barney frank joins us now. welcome back. >> thank you. >> big picture first. i'm not saying everybody was singing couple buy ya after the election, but it sounded like they were more willing to compromise. the rhetoric seems to have picked up. do you sense this is going down to the wire? can they come to a compromise? >> yes a
in israel. the fundamentals are good. my friend who does breakout stocks tells meet fundamentals are terrific. i am a buyer not a seller. a lock. let's go to lee in california. lee. >> caller: mr. cramer, thank you very much for all the wisdom you share with us. >> sure do try. what's going on? >> caller: my stock is valley. i've been wrong and with the stock down should i hold, fold, double down? >> this used to be 28, 20, 32. it's been cut in half. we both think that at $17 this one is the chip. this is the way to play china because it's a huge iron work company. i want to own vale. let's go to terrence in new york. >> caller: hey, jim, i'm doing a portfolio for my professor alexander. i just want to know about general dynamics. >> i think general dynamics is a winner. why i do say that? i think we will avoid the fiscal cliff. and $66 stock could go higher. that ladies and gentlemen is the conclusion of the lightning round. >> the lightning round is sponsored by td ameritrade. >> believe it or not, i actually used to be a mountain climber. what do you think? always had the best
and we have geopolitics and israel saying they won't take direct hits from syria. that is something that the market has been watching very closely as well. the big story that has long-term ramifications for the u.s. oil industry and for the global energy trade is definitely the report today from the international energy agency where they said that they believe that the u.s. will become the top oil producer in the world by 2020. overtaking saudi arabia. overtaking russia and the fact that u.s. will be self-sufficient by 2035. this is a huge sea change in the debate that we've been hearing about the dependence on foreign oil, about green energy and the fact that we're looking at this share revolution is having an impact not only on oil markets but natural gas markets here in the u.s. and international energy agency highlighting this in their report. back to you. >> thank you very much. shares of disney getting an upgrade after getting battered last week. citi upgrading from buy to neutral. they are saying that lucas films acquisition will weigh short terms on profits but it paves the
organization by the united states because it continues to refuse to recognize israel as a state. the united states has a policy of not negotiating with terrorist organizations. that's why she's not speaking with anyone in gaza. her visit comes hours after a meeting with israeli officials that lasted late into the night. >>> let's take a look at the markets this morning. we already showed you the futures. they are down slightly. dow futures down by about 23 points. in europe this morning, you'll see that -- also, by the way, a lot happened yesterday. ben bernanke started talking, when he raised some concerns about the fiscal cliff, that once again put pressure on the markets. that's when things turned down yesterday. you'll see in europe, barely budging at this point. in france, the cac is up by about a point. the ftse is down by less than five points. in germany, the dax is up by less than three points. overnight in asia, you'll see that in japan, the nikkei was up by about .8 of a percent. the shanghai composite up by about 1%. the hang seng was up by 1.4%. oil prices also up slightly, up
, as far as i can tell. it's the only thing they agree on. >> israel, not so much. >> if you were in europe, misery loves company. >> there will be nothing left, but we'll give you everything. join us. join us so we don't feel so bad about ourselves. >> did you read the op ed in the journal this morning? >> i got in at ten until. >> about givers and takers. they said this was not an election that was ultimately about givers and takers. >> it was about social issues. >> but the givers and takers thing i thought was probably the most remarkable line given that it was "the wall street journal." >> so they're backtracking off of that? >> on that piece. the republic will survive piece? >> yeah, the republic will survive piece. i have yet to start paying attention to "the wall street journal" editorial page and i'm not going to start now. >> right now, let's go to hampton pearson joining us from mitt romney's headquarters in boston. hampton, what can you tell us? >> well, becky, it is a proverbial morning after, and as we all watched the battle for the electoral college unfold last night, what wa
Search Results 0 to 9 of about 10